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Re: Donald plans to invest x dollars in a savings account that pays intere [#permalink]
3
If it was compounded quarterly percent increase in 3 months will be 1 + 8/400 = 1.02

Which means turn over will happen twice so x(1.02)^2

Minimum investment will be

0.0404x > 100

x > 2475

Approx value = 2500

Answer D

Adewale Fasipe, quant instructor from Lagos Nigeria.
Prep Club for GRE Bot
Re: Donald plans to invest x dollars in a savings account that pays intere [#permalink]
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